Short Interest in Fidelity Disruptive Automation ETF (NASDAQ:FBOT) Decreases By 60.5%

Fidelity Disruptive Automation ETF (NASDAQ:FBOT) was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 1,788 shares, a decrease of 60.5% from the June 30th total of 4,522 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 14,342 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Key Capital Management INC bought a new stake in Fidelity Disruptive Automation ETF during the 4th quarter valued at about $27,000. Advisory Services Network LLC bought a new stake in shares of Fidelity Disruptive Automation ETF during the third quarter valued at approximately $33,000. Raleigh Capital Management Inc. purchased a new position in Fidelity Disruptive Automation ETF in the 4th quarter worth approximately $38,000. Federation des caisses Desjardins du Quebec raised its holdings in Fidelity Disruptive Automation ETF by 2,616.5% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 2,146 shares of the company’s stock worth $72,000 after acquiring an additional 2,067 shares during the last quarter. Finally, Sunbelt Securities Inc. bought a new position in Fidelity Disruptive Automation ETF in the 3rd quarter valued at approximately $273,000.

Fidelity Disruptive Automation ETF Stock Down 1.1%

Shares of NASDAQ:FBOT traded down $0.41 on Tuesday, hitting $36.54. The company had a trading volume of 17,725 shares, compared to its average volume of 22,869. The firm’s 50-day simple moving average is $38.52 and its two-hundred day simple moving average is $36.85. Fidelity Disruptive Automation ETF has a 1 year low of $30.45 and a 1 year high of $40.25. The firm has a market capitalization of $200.97 million, a price-to-earnings ratio of 29.47 and a beta of 1.28.

About Fidelity Disruptive Automation ETF

The Fidelity Disruptive Automation ETF (FBOT) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that invests in innovative businesses thought to have potentially provide disruption to the marketplace. The fund holds global disruptive automation companies, from industrial robotics to autonomous driving and AI. FBOT was launched on Apr 16, 2020 and is managed by Fidelity.